India, May 23 -- The British pound strengthened against other major currencies in the European session on Friday, after U.K. retail sales rebounded more than expected in April as good weather boosted food store sales.
Data from the Office for National Statistics showed that the U.K. retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise in March. Sales were expected to climb only 0.3 percent.
The four consecutive monthly rises in retail sales led to a 1.8 percent increase in the three months to April period compared to the previous three months. Sales, thus, marked the biggest three-monthly rise since mid-2021.
Moreover, on a yearly basis, sales volume increased 2.6 percent in the three months to ...